1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Cash value of agreements.5. Fair value. Refer to table 2 and the note on consolidation accompanying table 5.6. Estimated.7. Cash value of agreements, which are collateralized by U.S. Treasury securities.8. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of Maiden Lane LLC. Refer to table 2 and the note on consolidation accompanying table 5.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items, August 13, 2008 Millions of dollars

Memorandum item

Averages of daily figures

Wednesday Aug 13, 2008

Week endedAug 13, 2008

Change from week ended

Aug 6, 2008

Aug 15, 2007

Marketable securities held in custody for foreign

official and international accounts (1)

2,394,883

- 801

+ 390,062

2,394,588

U.S. Treasury

1,415,828

- 3,015

+ 171,866

1,419,375

Federal agency

979,054

+ 2,212

+ 218,195

975,212

Securities lent to dealers

131,154

- 1,705

+ 126,453

131,057

Overnight facility (2)

2,837

- 5,160

- 1,864

2,211

Term facility (3)

128,318

+ 3,456

+ 128,318

128,846

Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value.2. Fully collateralized by U.S. Treasury securities.3. Fully collateralized by U.S. Treasury securities, federal agency securities, and highly rated non-agency asset-backed and mortgage-backed securities.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2008.2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 5.3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 4 and table 5.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, August 13, 2008Millions of dollars

U.S. Treasury securities (2)

Remaining maturity

Term auction credit

Other loans (1)

Holdings

Weekly changes

Repurchase agreements (3)

Reverse repurchase agreements (3)

Within 15 days

150,000

3,354

21,201

+ 2,161

78,250

44,172

16 days to 90 days

0

14,297

25,759

- 2,162

40,000

0

91 days to 1 year

---

0

69,504

+ 7

---

---

Over 1 year to 5 years

---

---

175,596

+ 33

---

---

Over 5 years to 10 years

---

---

89,907

+ 21

---

---

Over 10 years

---

---

97,467

+ 43

---

---

All

150,000

17,651

479,434

+ 104

118,250

44,172

Note: Components may not sum to totals because of rounding.--- Not applicable.

1. Excludes the loan from the Federal Reserve Bank of New York to Maiden Lane LLC that was eliminated when preparing that Bank's statement of condition consistent with consolidation under generally accepted accounting principles. The loan to Maiden Lane LLC is designed to be repaid from the orderly liquidation of Maiden Lane LLC's portfolio holdings and does not have a fixed amortization schedule.2. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Cash value of agreements.

4. Consolidated Statement of Condition of All Federal Reserve BanksMillions of dollars

Assets, liabilities, and capital

Eliminationsfromconsolidation

Change since

Wednesday Aug 13, 2008

Wednesday Aug 6, 2008

Wednesday Aug 15, 2007

Assets

Gold certificate account

11,037

0

0

Special drawing rights certificate account

2,200

0

0

Coin

1,378

- 1

+ 340

Securities, repurchase agreements, term auction

credit, and other loans

765,335

+ 13,751

- 48,531

Securities held outright

479,434

+ 104

- 310,167

U.S. Treasury (1)

479,434

+ 104

- 310,167

Bills (2)

21,740

0

- 255,279

Notes and bonds, nominal (2)

411,731

0

- 60,411

Notes and bonds, inflation-indexed (2)

39,832

0

+ 4,079

Inflation compensation (3)

6,131

+ 104

+ 1,443

Federal agency (2)

0

0

0

Repurchase agreements (4)

118,250

+ 13,500

+ 94,250

Term auction credit

150,000

0

+ 150,000

Other loans

17,651

+ 147

+ 17,387

Net portfolio holdings of Maiden Lane LLC (5)

29,179

+ 40

+ 29,179

Items in process of collection

(532)

1,600

- 914

- 908

Bank premises

2,162

+ 2

+ 95

Other assets (6)

99,435

- 1,860

+ 63,245

Total assets

(532)

912,326

+ 11,019

+ 43,422

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

795,101

- 747

+ 19,312

Reverse repurchase agreements (7)

44,172

+ 974

+ 12,231

Deposits

(0)

30,480

+ 14,415

+ 12,424

Depository institutions

25,345

+ 14,483

+ 12,780

U.S. Treasury, general account

4,715

- 83

- 394

Foreign official

101

0

+ 5

Other

(0)

319

+ 16

+ 33

Deferred availability cash items

(532)

2,592

- 1,577

- 846

Other liabilities and accrued dividends (8,9)

-136

- 1,848

- 6,103

Total liabilities

(532)

872,209

+ 11,217

+ 37,019

Capital accounts

Capital paid in

19,935

- 2

+ 3,156

Surplus

18,505

+ 3

+ 3,093

Other capital accounts

1,678

- 197

+ 155

Total capital

40,117

- 198

+ 6,403

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.2. Face value of the securities.3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5. Fair value. Refer to table 2 and the note on consolidation accompanying table 5.6. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 7. Cash value of agreements, which are collateralized by U.S. Treasury securities.8. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.9. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of Maiden Lane LLC. Refer to the note on consolidation accompanying table 5.

5. Statement of Condition of Each Federal Reserve Bank, August 13, 2008Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Assets

Gold certificate account

11,037

424

3,935

453

423

891

1,221

913

344

199

349

636

1,249

Special drawing rights certificate acct.

2,200

115

874

83

104

147

166

212

71

30

66

98

234

Coin

1,378

38

63

99

120

172

170

165

51

50

97

156

197

Securities, repurchase agreements, term

auction credit, and other loans

765,335

28,279

311,704

29,021

33,587

65,758

66,116

56,464

23,340

12,132

23,972

29,009

85,952

Securities held outright

479,434

20,109

170,580

20,933

18,180

43,474

47,703

42,315

16,568

9,051

17,604

19,887

53,031

U.S. Treasury (1)

479,434

20,109

170,580

20,933

18,180

43,474

47,703

42,315

16,568

9,051

17,604

19,887

53,031

Bills (2)

21,740

912

7,735

949

824

1,971

2,163

1,919

751

410

798

902

2,405

Notes and bonds (3)

457,694

19,197

162,845

19,984

17,356

41,503

45,540

40,396

15,816

8,641

16,806

18,986

50,626

Federal agency (2)

0

0

0

0

0

0

0

0

0

0

0

0

0

Repurchase agreements (4)

118,250

4,960

42,073

5,163

4,484

10,723

11,766

10,437

4,086

2,232

4,342

4,905

13,080

Term auction credit

150,000

3,200

87,052

2,895

10,910

11,077

6,360

2,850

2,475

46

2,000

3,854

17,281

Other loans

17,651

10

12,000

30

14

484

287

863

211

802

27

363

2,560

Net portfolio holdings of Maiden Lane

LLC (5)

29,179

0

29,179

0

0

0

0

0

0

0

0

0

0

Items in process of collection

2,133

44

0

220

322

63

344

101

26

131

443

167

273

Bank premises

2,162

121

212

65

150

209

226

208

126

111

275

252

207

Other assets (6)

99,435

5,336

27,387

8,886

6,384

23,798

7,928

4,992

1,343

1,889

1,456

2,297

7,738

Interdistrict settlement account

0

+ 3,016

-44,485

+ 4,659

- 4,132

- 4,277

+23,116

+15,990

+ 4,091

+ 2,571

+ 3,938

+ 2,333

- 6,819

Total assets

912,859

37,373

328,869

43,486

36,958

86,761

99,287

79,045

29,392

17,112

30,596

34,948

89,031

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5. Fair value. Refer to the note on consolidation below.6. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

Note on consolidation:On June 26, 2008, the Federal Reserve Bank of New York extended a loan under the authority of section 13(3) of the Federal Reserve Act to Maiden Lane LLC, a limited liability company formed to acquire certain assets of Bear Stearns. The Federal Reserve Bank of New York is the primary beneficiary of Maiden Lane LLC. Consistent with generally accepted accounting principles, the assets and liabilities of Maiden Lane LLC have been consolidated with the assets and liabilities of the Federal Reserve Bank of New York in the preparation of thestatements of condition shown on this release. As a consequence of the consolidation, the extension of credit from the Federal Reserve Bank of New York to Maiden Lane LLC iseliminated, the net assets of Maiden Lane LLC appear as an asset in this table (and table 1 and table 4), and the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including those with recourse only to the portfolio holdings of Maiden Lane LLC, are included in other liabilities on the next page (and in table 1 and table 4).

5. Statement of Condition of Each Federal Reserve Bank, August 13, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

KansasCity

Dallas

SanFrancisco

Liabilities

Federal Reserve notes outstanding

991,705

36,984

352,127

40,436

38,662

80,539

120,868

82,415

30,553

17,836

31,483

55,438

104,364

Less: Notes held by F.R. Banks

196,604

5,229

58,752

7,068

7,419

12,995

30,904

13,654

3,584

2,963

3,787

24,149

26,101

Federal Reserve notes, net

795,101

31,754

293,376

33,368

31,243

67,544

89,964

68,762

26,970

14,872

27,697

31,289

78,263

Reverse repurchase agreements (1)

44,172

1,853

15,716

1,929

1,675

4,005

4,395

3,899

1,526

834

1,622

1,832

4,886

Deposits

30,480

1,618

12,006

3,186

523

4,357

1,238

3,295

318

376

473

771

2,320

Depository institutions

25,345

1,613

7,023

3,182

519

4,257

1,235

3,278

304

376

472

770

2,317

U.S. Treasury, general account

4,715

0

4,715

0

0

0

0

0

0

0

0

0

0

Foreign official

101

2

71

4

3

11

3

2

0

1

0

1

3

Other

319

2

197

0

1

89

0

15

14

0

1

0

0

Deferred availability cash items

3,124

165

0

410

676

215

219

218

50

246

246

241

438

Other liabilities and accrued

dividends (2,3)

-136

143

-2,487

164

170

413

332

286

150

103

125

170

296

Total liabilities

872,741

35,532

318,611

39,056

34,286

76,534

96,148

76,458

29,014

16,433

30,163

34,303

86,203

Capital

Capital paid in

19,935

787

5,068

2,328

1,342

5,189

1,562

1,281

182

321

210

267

1,398

Surplus

18,505

1,050

4,668

1,814

1,291

4,999

1,425

815

180

355

193

364

1,351

Other capital

1,678

5

522

288

39

39

152

490

16

4

30

14

79

Total liabilities and capital

912,859

37,373

328,869

43,486

36,958

86,761

99,287

79,045

29,392

17,112

30,596

34,948

89,031

Note: Components may not sum to totals because of rounding.

1. Cash value of agreements, which are collateralized by U.S. Treasury securities.2. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.3. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of Maiden Lane LLC. Refer to the note on consolidation on the previous page.

1. Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.